Barclays lowered the firm’s price target on Fox Corp. (FOXA) to $63 from $64 and keeps an Equal Weight rating on the shares post the earnings report. Despite the company’s revenue continuing to have upside through the rest of the year, investor focus will increasingly turn to costs, the analyst tells investors in a research note.
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Read More on FOXA:
- Fox Corp. downgraded to Equal Weight from Overweight at Wells Fargo
- Fox Corp. price target lowered to $63 from $64 at Wells Fargo
- Balanced View on Fox: Solid Earnings Momentum and Buybacks Offset by Secular TV Headwinds, Justifying a Hold Rating
- Fox Corp. price target lowered to $80 from $87 at Goldman Sachs
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